Pear VC Fund V | 2026 VC Fund

Pear VC

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Status

ACTIVE

Global HQ

Menlo Park, United States

Countries of investment

United States
Colombia
Brazil
Canada
Spain
Israel
Singapore
India
Malaysia
Mexico
United Kingdom
France
Switzerland
Poland

Investment stages

Pre-Seed
Seed

Industries

AI
Enterprise Software
Construction Tech
Industrial Tech
HR Tech

About
Pear VC is a Menlo Park-based venture firm investing at pre-seed and seed. They manage more than $1.1B after closing Fund V at $333M, and work with founders through PearX and hands-on company building. Their portfolio spans North America, Europe, Latin America, Israel and Asia, with companies in the United States, Canada, Brazil, Colombia, Spain, the United Kingdom and India. The firm recently promoted Arash Afrakhteh, Ajay Kamat and Shravan Reddy to General Partner.

Min check size: $250K
Max check size: $6M
Fund size: Unlock
NPS: Unlock

Investment Thesis

Pear VC is a pre-seed and seed venture firm that backs founders before the market recognizes them. Their core thesis is that the best companies can be found and built from day zero, with most capital going into new early bets over roughly two and a half years and a slice held back for follow-ons once traction appears. What makes Pear unique is PearX, its company-building program that takes fewer than 1% of applicants and drew more than 6,000 applications for its Summer 2026 batch, and the firm recently promoted three new General Partners as it scales.

Lead investor: Unlock
Co Invest: Unlock
Number of exits: Unlock
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Manager's Experience

Founded in 2013 by Pejman Nozad (Founding Managing Partner, early investor in Dropbox) and Mar Hershenson (Founder Managing Partner, Stanford PhD and founder of Pyxis Technology, later acquired by Magma Design Automation). The partner group includes Ajay Kamat, Arash Afrakhteh, Harris Stolzenberg, Khalil Fuller (also Head of Dorm), Pepe Agell, Ryan Sells, Shravan Reddy and Shruti Merchant, with Andrew Parambath, Eddie Eltoukhy and Warren Shaeffer as Venture Partners and Mark Valdez as COO. Portfolio includes DoorDash, Gusto, Cognition, Vanta, Affinity and Guardant Health. Based in San Francisco and Menlo Park. A pre-seed and seed firm of former founders and operators that runs the PearX program and the Pear Dorm, with dedicated circles for female and Persian founders.